India Emerges as Promising Destination for Semiconductor Manufacturing

India's Prime Minister Narendra Modi pitched the country as the most promising destination for semiconductor designing and manufacturing during a CEO roundtable with international and domestic executives. Modi met with over 25 industry leaders, including CEOs from ASML, Merck, Lam Research, and Tokyo Electron, and discussed the potential of India's semiconductor industry, which is expected to command a significant share of a $1 trillion market. The meeting aimed to promote India's semiconductor sector and attract investments.

Prime Minister Narendra Modi, during a CEO roundtable at the India Semicon 2025 summit, emphasized India's potential as a leading destination for semiconductor designing and manufacturing. The meeting, attended by over 25 industry leaders including CEOs from ASML, Merck, Lam Research, and Tokyo Electron, highlighted the country's growing semiconductor sector and its potential to attract significant investments.

Modi met with senior executives from various global and Indian semiconductor companies, as well as policy advocacy bodies. The discussion aimed to promote India's semiconductor industry and understand the needs and demands of the industry, with a focus on the second phase of the India Semiconductor Mission (ISM). The ISM, launched in 2021, has secured $18 billion (Rs. 1.5 lakh crore) in investments so far [1].

The PM underscored India's progress in the semiconductor sector, noting that the country now has 10 semiconductor manufacturing and packaging units with a total committed investment of $18 billion. He also highlighted the government's efforts to secure critical minerals and develop a stable and predictable policy regime to support the industry [2].

The meeting also saw the launch of a new $1 billion venture capital fund aimed at deeptech investments. The India Deeptech Alliance (IDTA), with partners like Celeste Capital, Bloom VC, Gaja Capital, and Tenacity Ventures, aims to drive private investments across various technology sectors, including semiconductor, space & defense, biotech, and digital economy [1].

India's semiconductor industry is expected to command a significant share of the $1 trillion global market in the coming years, with commercial production of indigenously manufactured chips expected by the end of 2025. The government's single-window clearance model and focus on R&D initiatives are key drivers of this growth [3].

The India Semicon 2025 summit, which Modi inaugurated on Tuesday, saw presentations from various industry leaders on the Indian and global semiconductor supply chain ecosystem. The event also featured six country-specific roundtables, attracting delegates from 33 countries and over 50 CXOs [2].

References:
[1] https://economictimes.indiatimes.com/tech/technology/india-will-command-major-share-of-1-trillion-global-semiconductor-market-pm-narendra-modi/articleshow/123653418.cms
[2] https://www.business-standard.com/india-news/pm-modi-pitches-india-as-next-global-destination-for-semiconductor-125090301412_1.html
[3] https://m.economictimes.com/industry/cons-products/electronics/semiconductor-india-missed-the-chip-bus-now-its-playing-catch-up/articleshow/123659143.cms